The Descartes Systems Group Inc. (TSE:DSG) Director Sells C$2,536,726.52 in Stock

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) Director John Scott Pagan sold 20,597 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of C$123.16, for a total transaction of C$2,536,726.52.

The Descartes Systems Group Stock Down 0.4 %

The Descartes Systems Group stock opened at C$124.16 on Friday. The firm has a market cap of C$10.58 billion, a PE ratio of 70.15, a P/E/G ratio of 2.17 and a beta of 0.76. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.85 and a current ratio of 2.05. The firm’s 50 day moving average price is C$121.56 and its two-hundred day moving average price is C$113.29. The Descartes Systems Group Inc. has a twelve month low of C$95.03 and a twelve month high of C$127.91.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$0.50 EPS for the quarter, topping the consensus estimate of C$0.41 by C$0.09. The Descartes Systems Group had a net margin of 20.23% and a return on equity of 9.92%. The company had revenue of C$200.32 million for the quarter, compared to analyst estimates of C$197.20 million. On average, research analysts predict that The Descartes Systems Group Inc. will post 2.6246523 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on DSG. Royal Bank of Canada upped their price target on shares of The Descartes Systems Group from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Barclays upped their price target on shares of The Descartes Systems Group from C$71.00 to C$75.00 and gave the company an “underweight” rating in a research report on Tuesday, February 20th. Finally, William Blair reiterated an “outperform” rating on shares of The Descartes Systems Group in a research note on Monday, April 1st.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.